In an Edgeworth box, a segment on the contract curve:
A) contains Pareto- optimal allocations.
B) is preferred by all individuals to certain points off the contract curve.
C) can be thought as a budget line.
D) is always more fair then some points off the contract curve.
Correct Answer:
Verified
Q26: An economy's production mix is efficient if:
A)MRTS
Q27: The contract curve represents all:
A)opportunities for gains
Q28: Whenever the economy operates below the production
Q29: The efficiency in production requires:
A)MRT is equal
Q30: In an exchange economy, the Walrasian auctioneer
Q32: Net demand is:
A)the difference between what consumer
Q33: In an exchange economy with production, which
Q34: Pareto optimality in an exchange economy with
Q35: In an exchange economy with only two
Q36: Walrus Law states that:
A)supply creates its own
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